Can I retire at age 45 with 9,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$792,759$785,698$778,808$772,084$765,517$743,097
2 years$392,455$385,146$378,062$371,194$364,532$342,126
3 years$259,038$251,697$244,631$237,828$231,274$209,584
4 years$192,342$185,024$178,029$171,341$164,947$144,139
5 years$152,335$145,061$138,158$131,607$125,390$105,521
6 years$125,673$118,453$111,652$105,247$99,217$80,305
7 years$106,636$99,477$92,783$86,529$80,690$62,735
8 years$92,364$85,270$78,688$72,587$66,940$49,931
9 years$81,270$74,243$67,774$61,828$56,373$40,294
10 years$72,400$65,441$59,087$53,297$48,033$32,860
11 years$65,147$58,259$52,019$46,384$41,310$27,018
12 years$59,108$52,290$46,165$40,685$35,798$22,359
13 years$54,001$47,255$41,246$35,919$31,217$18,600
14 years$49,628$42,953$37,060$31,885$27,364$15,539
15 years$45,842$39,239$33,460$28,435$24,094$13,026
16 years$42,532$36,001$30,336$25,461$21,294$10,950
17 years$39,614$33,155$27,605$22,876$18,881$9,227
18 years$37,024$30,637$25,200$20,616$16,788$7,791
19 years$34,708$28,394$23,069$18,629$14,963$6,588
20 years$32,627$26,385$21,172$16,872$13,366$5,579
21 years$30,747$24,577$19,474$15,312$11,961$4,730
22 years$29,040$22,941$17,948$13,922$10,721$4,014
23 years$27,483$21,457$16,572$12,679$9,624$3,409
24 years$26,059$20,104$15,326$11,564$8,650$2,898
25 years$24,750$18,866$14,195$10,561$7,784$2,464
26 years$23,544$17,731$13,165$9,657$7,011$2,097
27 years$22,430$16,687$12,225$8,839$6,321$1,785
28 years$21,396$15,724$11,365$8,098$5,704$1,520
29 years$20,436$14,834$10,576$7,426$5,150$1,294
30 years$19,541$14,009$9,851$6,816$4,654$1,103
31 years$18,706$13,243$9,184$6,260$4,207$940
32 years$17,925$12,531$8,569$5,753$3,806$801
33 years$17,192$11,867$8,001$5,290$3,444$683
34 years$16,504$11,247$7,475$4,867$3,118$582
35 years$15,857$10,668$6,989$4,481$2,825$496
36 years$15,247$10,125$6,538$4,127$2,559$423
37 years$14,671$9,617$6,119$3,802$2,319$361
38 years$14,127$9,139$5,731$3,504$2,103$308
39 years$13,613$8,690$5,369$3,231$1,907$263
40 years$13,125$8,268$5,032$2,980$1,730$224
41 years$12,662$7,871$4,719$2,750$1,569$191
42 years$12,222$7,496$4,426$2,538$1,424$163
43 years$11,804$7,142$4,153$2,343$1,292$139
44 years$11,406$6,808$3,899$2,163$1,173$119
45 years$11,027$6,492$3,661$1,998$1,065$101
46 years$10,665$6,193$3,438$1,845$967$86
47 years$10,320$5,910$3,230$1,705$878$74
48 years$9,990$5,642$3,036$1,575$797$63
49 years$9,675$5,388$2,853$1,456$724$54
50 years$9,373$5,146$2,682$1,346$658$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $9,600,000, adding $2,910 every year, while hoping to spend $33,242 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 49/44/7 Blend
44$9,600,000$9,600,000$9,600,000$9,600,000
45$10,582,202$10,073,402$9,924,602$11,081,430
46$11,626,217$10,531,629$10,221,707$11,881,006
47$12,775,608$11,011,196$10,527,650$12,745,219
48$14,041,087$11,513,112$10,842,694$13,683,093
49$15,434,460$12,038,436$11,167,106$14,701,513
50$16,968,734$12,588,279$11,501,164$15,808,033
51$18,658,243$13,163,802$11,845,151$17,010,952
52$20,518,781$13,766,225$12,199,360$18,319,381
53$22,567,751$14,396,825$12,564,093$19,743,329
54$24,824,333$15,056,940$12,939,661$21,293,794
55$27,309,657$15,747,973$13,326,383$22,982,855
56$30,047,012$16,471,394$13,724,586$24,823,791
57$33,062,058$17,228,743$14,134,611$26,831,193
58$36,383,072$18,021,635$14,556,804$29,021,100
59$40,041,212$18,851,762$14,991,524$31,411,146
60$44,070,815$19,720,898$15,439,140$34,020,715
61$48,509,718$20,630,902$15,900,031$36,871,126
62$53,399,615$21,583,722$16,374,587$39,985,819
63$58,786,452$22,581,400$16,863,212$43,390,576
64$64,720,858$23,626,077$17,366,318$47,113,754
65$71,258,627$24,719,996$17,884,330$51,186,547
66$78,461,239$25,865,508$18,417,688$55,643,271
67$86,396,447$27,065,079$18,966,841$60,521,680
68$95,138,909$28,321,292$19,532,255$65,863,314
69$104,770,897$29,636,855$20,114,405$71,713,885
70$115,383,075$31,014,607$20,713,784$78,123,694
71$127,075,349$32,457,524$21,330,896$85,148,100
72$139,957,816$33,968,724$21,966,263$92,848,028
73$154,151,800$35,551,478$22,620,419$101,290,541
74$169,790,996$37,209,213$23,293,916$110,549,452
75$187,022,735$38,945,521$23,987,319$120,706,017
76$206,009,372$40,764,170$24,701,213$131,849,687
77$226,929,822$42,669,108$25,436,197$144,078,935
78$249,981,243$44,664,474$26,192,889$157,502,181
79$275,380,904$46,754,607$26,971,925$172,238,793
80$303,368,230$48,944,057$27,773,958$188,420,204
81$334,207,064$51,237,591$28,599,661$206,191,133
82$368,188,162$53,640,209$29,449,726$225,710,940
83$405,631,928$56,157,153$30,324,866$247,155,109
84$446,891,448$58,793,918$31,225,813$270,716,889
85$492,355,820$61,556,263$32,153,321$296,609,096
86$542,453,822$64,450,229$33,108,166$325,066,108
87$597,657,969$67,482,147$34,091,146$356,346,054
88$658,488,965$70,658,655$35,103,083$390,733,226
89$725,520,624$73,986,714$36,144,821$428,540,748
90$799,385,284$77,473,620$37,217,229$470,113,499
91$880,779,779$81,127,023$38,321,202$515,831,352
92$970,472,014$84,954,944$39,457,659$566,112,730
93$1,069,308,216$88,965,794$40,627,548$621,418,529
94$1,178,220,926$93,168,389$41,831,843$682,256,442
95$1,298,237,794$97,571,975$43,071,544$749,185,720
96$1,430,491,291$102,186,243$44,347,682$822,822,424
97$1,576,229,392$107,021,358$45,661,318$903,845,202
98$1,736,827,360$112,087,975$47,013,543$993,001,668
99$1,913,800,733$117,397,267$48,405,478$1,091,115,419
100$2,108,819,624$122,960,950$49,838,278$1,199,093,775